SEPA changes and new ISO 20022 standards

Information about the upcoming SEPA changes in November 2025 and how this affects Sage 50 Payroll Ireland.

What's changing 

The ISO 20022 is a standard for data exchange between financial institutions, and is the messaging standard used for SEPA payments.

If you use SEPA payments, you need to make certain changes in your payments files. 

The fields are BIC, execution date and post address fields. The changes affect SEPA Credit Transfer, SEPA Direct Debit and Multi Currency payment files. This impacts all businesses making payments to countries where SEPA is in use.

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Sage 50 Payroll Ireland software

We've worked closely with the relevant departments and agencies to confirm all the requirements.

In Sage 50 Payroll Ireland v28.1, both Company Details and Employee Details now require the address line 3 and town fields. Completing these fields help maintain compliance and streamline payroll processing.

The Validate Payroll Data option checks this information and reports any issues. This won't currently stop you from creating bank files as the changes take place later in 2025.

 TIP: To check out the information available, go to europeanpaymentscouncil.eu

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Stay informed and connect with others

Remember, the Community Hub is always available for you to stay updated and engage with fellow Sage 50 Payroll Ireland users.

Visit us at communityhub.sage.com and join the conversation today.

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